Origin Bancorp, Inc. (NASDAQ:OBK) Stake Trimmed by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lessened its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 153,011 shares of the company’s stock after selling 9,996 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Origin Bancorp were worth $5,094,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock valued at $31,000 after buying an additional 837 shares during the period. Brooklyn Investment Group acquired a new position in shares of Origin Bancorp in the 4th quarter valued at about $48,000. Comerica Bank lifted its position in shares of Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after purchasing an additional 347 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Origin Bancorp in the fourth quarter worth approximately $183,000. Finally, Quantbot Technologies LP grew its position in Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company’s stock valued at $194,000 after purchasing an additional 3,125 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

OBK opened at $32.27 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.01 billion, a PE ratio of 13.12 and a beta of 0.79. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $34.66. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.86%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

Wall Street Analyst Weigh In

OBK has been the subject of a number of research analyst reports. Raymond James downgraded shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 24th. Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. DA Davidson lifted their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $42.20.

Origin Bancorp Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.